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The investor in BigLion and a former partner at Russian VC fund ru-Net, Dmitry Alimov is launching a $50 million fund Frontier Ventures to invest in early stage Russian startups. By early stage, Alimov means up to $10 million per startup, according to Reuters. I suppose given the flood of funding news from Russian Runet the stakes have been raised. The fund plans to invest into two to five deals per year.
The co-owner (does it mean co-founder?) of the online video content provider ivi.ru Oleg Tumanov is a venture partner at the Frontier Venture Fund and a member of its investment committee.
For the record, BigLion has surpassed Groupon Russia as the largest daily deals industry player, which we covered recently. Ivi.ru is the second most popular online video streaming service after Vkontakte (Russian Facebook), according to the survey by Movie Research and ROMIR published earlier this month (in Russian). ru-Net is Russian investment fund, which has recently led the $100 million funding round in Ozon.ru, Russian Amazon.
Looks like the Runet funding news ticker is going to scroll faster.
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